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Homes for Sale in Raleigh Cary North Carolina Real Estate Matters - Credit and Home Mortgage Loans

Consider the effect of credit scores when searching for home mortgage financing and homes for sale in Raleigh Cary North Carolina Relocation. This ...

Old land deal quietly haunts Mick Mulvaney as he serves as Trump’s chief of staff

Mick Mulvaney was a young businessman and budding politician 11 years ago when he became co-owner of a company that wanted to build a strip mall near a busy intersection in this upscale bedroom community outside Charlotte.

All that was needed was money.

The company cobbled together the financing — which included borrowing $1.4 million from a family firm owned by a prominent local businessman named Charles Fonville Sr., according to court records and interviews.

Eventually, the project fell apart. The mall never got built. And Mulvaney moved on, building a political career as a firebrand fiscal hawk and tea party pioneer in Congress who railed against out-of-control government deficits — eventually rising a few weeks ago to be President Trump’s acting chief of staff.

Fonville, however, said his company has not received the $2.5 million with interest that he said it is owed. In explaining the debt to a Senate committee during his 2017 confirmation hearing, Mulvaney cast it as a casualty of a bad real estate deal, saying the sum “will go unpaid.

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